# Sea shipping routes’ crisis: cost impacts

> FAO reports that shipping costs are rising again as Houthi attacks force Suez Canal ships to reroute around the Cape of Good Hope. Drought has also limited Panama Canal transits to a fraction of normal levels. Container freight indices have risen sharply since October 2023.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31559-sea-shipping-routes-crisis-cost-impacts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight and longer voyages increase landed costs for feed ingredients imported into Europe and Asia, supporting prices for competing origins and tightening import margins.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- fao.org: https://www.fao.org/in-action/globefish/news-events/news/news-detail/sea-shipping-routes--crisis--cost-impacts/en

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.